Factors that affect your result
- Net monthly income — higher income increases your eligible EMI capacity
- Existing EMIs — every rupee of existing obligation reduces what's available for a new loan
- CIBIL score — directly affects the interest rate you're offered, which in turn changes your eligible loan amount
- Employment type — salaried and self-employed applicants are assessed differently, since self-employed income can vary month to month
- Loan tenure — a longer tenure spreads the same EMI further, increasing the eligible loan amount
Is the eligible amount shown here guaranteed?
No. This calculator provides an indicative estimate only. Actual eligibility, interest rate and loan approval are determined by the respective lender based on its own policies, documentation and assessment.
Why is my eligible amount different for Home Loan vs Mortgage Loan?
Home loans and mortgage loans (loan against property) are assessed against different rate tables and maximum tenures — mortgage loans are typically capped at 15 years versus up to 30 years for home loans, which affects the eligible amount even at the same income level.
Can I improve my eligible loan amount?
Improving your CIBIL score, clearing small existing EMIs before applying, or opting for a longer tenure can all increase your eligible amount. A LoanGuy Fintech expert can walk you through which of these genuinely apply to your situation.